SR.PRA

Spire's Series A Preferred Stock Crosses Above 5.5% Yield Territory

In trading on Thursday, shares of Spire Inc's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: SR.PRA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.475), with shares changing hands as low as $26.55 on the day. This compares to an average yield of 5.22% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, SR.PRA was trading at a 7.56% premium to its liquidation preference amount, versus the average premium of 5.44% in the "Utilities" category.

The chart below shows the one year performance of SR.PRA shares, versus SR:

Performance Comparison Chart

Below is a dividend history chart for SR.PRA, showing historical dividend payments on Spire Inc's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock:

SR.PRA+Dividend+History+Chart

In Thursday trading, Spire Inc's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: SR.PRA) is currently down about 0.7% on the day, while the common shares (Symbol: SR) are up about 1.2%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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